NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

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$20.23 +0.28 (+1.40 %)
(As of 03/20/2019 09:01 AM ET)
Previous Close$19.95
Today's Range$20.01 - $20.43
52-Week Range$14.34 - $23.38
Volume9.27 million shs
Average Volume11.33 million shs
Market Capitalization$13.30 billion
P/E Ratio23.80
Dividend Yield1.20%
Beta1.01
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. has a collaboration with Samsung Electronics Co., Ltd. for enabling wireless infrastructure networks. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$1.2715 per share
Book Value$8.35 per share

Profitability

Net Income$-179,090,000.00

Miscellaneous

Employees3,749
Market Cap$13.30 billion
Next Earnings Date5/30/2019 (Estimated)
OptionableOptionable

Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Friday, March 15th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 24th. This represents a $0.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, April 2nd. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has approved a share buyback plan on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its earnings results on Thursday, March, 7th. The semiconductor company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.02. The semiconductor company had revenue of $744.80 million for the quarter, compared to analysts' expectations of $739.88 million. Marvell Technology Group had a positive return on equity of 8.19% and a negative net margin of 6.25%. During the same period last year, the company posted $0.32 earnings per share. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, May 30th 2019. View Earnings Estimates for Marvell Technology Group.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its first quarter 2020 earnings guidance on Thursday, March, 7th. The company provided EPS guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $630.5-669.5 million, compared to the consensus revenue estimate of $718.16 million.

What price target have analysts set for MRVL?

18 brokerages have issued 12-month price objectives for Marvell Technology Group's shares. Their forecasts range from $21.00 to $30.00. On average, they anticipate Marvell Technology Group's share price to reach $24.9042 in the next year. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:
  • 1. According to Zacks Investment Research, "Marvell's Q4 results were hurt by lower-than-expected performance in the networking and storage businesses. Low demand for storage controllers due to fall in cloud capital spending and CPU shortages, hurt Marvell’s top-line. Tight inventory control by customers due to demand shift from product consigned to vendor-managed inventory arrangements is also a concern. Moreover, the companydepends on some big customers for a substantial portion of its net revenues, exposing it to customer concentration risk. Shares underperformed the industry in the past year. However, Marvell’s WiFi business is expected to start boosting next-generation products built on the latest WiFi 6 standard, leading its WiFi business to return to growth from the second quarter of fiscal 2020." (3/13/2019)
  • 2. Needham & Company LLC analysts commented, "MRVL’s F4Q19 results were in line with revised guidance, but F1Q20 guidance was below expectations. Storage and Networking are expected to decline again Q/Q in F1Q20 driven by the weak macro environment and inventory digestion by cloud customers. Reflecting improving bookings post CNY and the 5G ramp with Samsung in F2H20, MRVL believes F1Q20 will represent the revenue trough. MRVL believes it undershipped HDD end market demand in F4Q19 and will again in F1Q20, setting up a possible recovery in F2Q20. MRVL announced it is engaged with a 2nd tier-one base station OEM for a 5G design based on a custom Fusion-M, which should sample in early FY21. While we lower estimates, we maintain our $23 PT (~18x our CY20 NG EPS est.) and are buyers on weakness given MRVL’s valuation and 5G growth opportunities." (3/8/2019)
  • 3. Rosenblatt Securities analysts commented, "We caught up with Marvell management at CES. Key Takeaways The storage pause (HDDs and SSDs), continues to be viewed as a 2 -quarter dynamic driven by macro economy factors, x86 CPU shortages at Intel (INTC: Sell), and deceler- ating CapEx spend in the data center markets. Management’s bullish stance mid to longer term is based on key storage wins at major hyperscale players in both HDD and SSD areas, HDD pre-amp share gains, and visibility for more wins in high capacity enterprise storage products. Marvell reiterated the notion that its biggest growth driver in the next few years is 5G base-stations due to dollar content expansion to nearly $3K per box from ~$700 per box in 4G." (1/10/2019)

Has Marvell Technology Group been receiving favorable news coverage?

News articles about MRVL stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near term.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a decline in short interest during the month of February. As of February 28th, there was short interest totalling 26,188,472 shares, a decline of 5.6% from the February 15th total of 27,734,524 shares. Based on an average daily trading volume, of 9,873,738 shares, the short-interest ratio is currently 2.7 days. Approximately 4.2% of the company's stock are short sold. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include Micron Technology (MU), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Alibaba Group (BABA), Bank of America (BAC), Applied Materials (AMAT), QUALCOMM (QCOM) and Citigroup (C).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP, Head of Central Engineering & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (12.29%), BlackRock Inc. (5.43%), Boston Partners (2.33%), Standard Life Aberdeen plc (1.77%), Epoch Investment Partners Inc. (1.47%) and Jennison Associates LLC (1.04%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Millennium Management LLC, Standard Life Aberdeen plc, Canada Pension Plan Investment Board, Epoch Investment Partners Inc., State of Tennessee Treasury Department, Jennison Associates LLC and First Trust Advisors LP. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, BlackRock Inc., Westfield Capital Management Co. LP, Oregon Public Employees Retirement Fund, Segall Bryant & Hamill LLC, Park West Asset Management LLC and Boston Partners. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $20.23.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $13.30 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,081 (Vote Outperform)
Underperform Votes:  1,068 (Vote Underperform)
Total Votes:  2,149
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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